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Jul 30, 2011
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you heard harry reid speak moments ago, a big thumbs down over there, and then -- then -- we will move on. but the number of votes on either side really doesn't matter so much as this number. the number of days and hours now left until the money runs out. this is what we've been warning about for weeks and weeks. still, the vote today was enough to allow the republicans to spike the ball into boehner's court. and he did so with a vengeance. >> i struck my neck out a mile to try and get in agreement with the president of the united states. i stuck my neck out a mile. and i put revenues on the table. in order to try to come to an agreement to avert us being where we are. but a lot of people in this town can never say yes. a lot of people can never say yes. this house has acted. and it is time for the administration and time for our colleagues across the aisle, put something on the table. tell us where you are! >> well, over in the senate, what they are putting on the table is mr. boehner's bill. they'll kill it over there. that's under way right now. we'll let you when the voting is done
you heard harry reid speak moments ago, a big thumbs down over there, and then -- then -- we will move on. but the number of votes on either side really doesn't matter so much as this number. the number of days and hours now left until the money runs out. this is what we've been warning about for weeks and weeks. still, the vote today was enough to allow the republicans to spike the ball into boehner's court. and he did so with a vengeance. >> i struck my neck out a mile to try and get in...
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Jul 30, 2011
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but if you raise the debt ceiling and don't cut spending, you'll have the same big problems. that's the answer to your question. the compromise has to cut spending. we have to respond to what everybody in america is saying and what the world credit markets are saying which is our problem isn't the debt ceiling. our problem is the debt. >> cutting spending and the balanced budget amendment are two different things. one may accomplish the other, but this they are still separate things. is the balanced budget amendment a drop-dead requirement? >> i don't have a drop-dead requirement? i have a whole host of things that my constituents have sent me here to do. cutting spending is one thing and balancing the budge set another thing. what we can do right now is make sure we're cutting spending today. don't give me a deal that cuts spending ten years down the road. show me what you're going to do this year and next year, before americans go back to the polls. >> simple but sort of strange question. are you happy tonight? >> i'm not happy tonight. we started this process back in febru
but if you raise the debt ceiling and don't cut spending, you'll have the same big problems. that's the answer to your question. the compromise has to cut spending. we have to respond to what everybody in america is saying and what the world credit markets are saying which is our problem isn't the debt ceiling. our problem is the debt. >> cutting spending and the balanced budget amendment are two different things. one may accomplish the other, but this they are still separate things. is...
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Jul 26, 2011
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i like to call the big three. medicare, medicaid and social security. in the short material, either deal will probably be enough. really interesting this afternoon, when i was talking to an investor who had met with the ratings agency at standard & poors talking about the downgrade. could it raise interest rates the same way a potential default could. they said the boehner plan probably wouldn't hit the hurried tol prevent a downgrade. even if that was reached, you could still get a downgrade. it is unsure whether that would happen. the reid plan, even though a lot of the parts of that are seen by many as gimmicks, probably would pass that hurdle and you wouldn't get that immediate downgrade. that's an interesting distinction. >> stand by for a moment. i want to bring back kate and jessica. there is a harry reid plan and a john boehner plan. given the stakes involved, why not have these two gentlemen sit down together and sort of reach a compromise? i'll meet you halfway here. you meet me halfway there. let's get
i like to call the big three. medicare, medicaid and social security. in the short material, either deal will probably be enough. really interesting this afternoon, when i was talking to an investor who had met with the ratings agency at standard & poors talking about the downgrade. could it raise interest rates the same way a potential default could. they said the boehner plan probably wouldn't hit the hurried tol prevent a downgrade. even if that was reached, you could still get a...
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Jul 26, 2011
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there's no symptom of big government more menacing than this. we're up to the task. i hope president obama will join us in this work. >> all right. love that home-spun economics. the key is to make money through higher taxes. that's the other approach, the one that speaker boehner says is destined to fail. >> the president says we need a balanced approach which in washington means we spend more and you pay more. i mean run a small business? i know those tax increases will destroy jobs. the president is adamant that we cannot make fundamental changes to our entitlement programs. as the father of two daughters i know the programs won't be there for them unless significant action is taken now. >> the political wrangling. both obama and boehner were trying to get them to strike the deal. the sun has set on yet another day without agreement, meaning a default may be just a week away. >>> two very political speeches from president obama and house speaker john boehner, who back two very different plans to raise the debt ceiling. from president obama he clearly endorsed the
there's no symptom of big government more menacing than this. we're up to the task. i hope president obama will join us in this work. >> all right. love that home-spun economics. the key is to make money through higher taxes. that's the other approach, the one that speaker boehner says is destined to fail. >> the president says we need a balanced approach which in washington means we spend more and you pay more. i mean run a small business? i know those tax increases will destroy...
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there is big cracks in the ground where they were just little cracks. and it is just getting worse. >> unbelievable. another sign of the worsening drought this week is ponds evaporate, ranchers are selling their cattle early at a loss. this is likely to translate into higher food prices for all of us. >>> just three days until possible default and still no solution in sight. the u.s. senate rejected a u.s. house plan to raise the debt ceiling last night. and in just a few minutes or so, the house is expected to block a senate plan to raise the debt ceiling. democrats and republicans continue to spar on capitol hill. >> this is not a crisis which we couldn't control. this isn't an earthquake or a tornado or a hurricane. it isn't a war. it is a created political crisis. the extension of the debt ceiling has been done routinely 89 times since 1939, 55 times by republican presidents, 34 times by democratic presidents, and president ronald reagan holds the record having extended the debt ceiling 18 times in eight years without a confrontation, without the am
there is big cracks in the ground where they were just little cracks. and it is just getting worse. >> unbelievable. another sign of the worsening drought this week is ponds evaporate, ranchers are selling their cattle early at a loss. this is likely to translate into higher food prices for all of us. >>> just three days until possible default and still no solution in sight. the u.s. senate rejected a u.s. house plan to raise the debt ceiling last night. and in just a few minutes...
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Jul 22, 2011
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but a big, sophisticated attack is how this official is putting it. and they also said it could be international, or it could be domestic norwegian. again, very early to make that assumption or that conclusion. >> right. early hours, a lot of information still to come out. i appreciate it. . let's continue this breaking news coverage with my colleague wolf blitzer. >>> a bombing shatters norway to its core. and a shooting at a youth camp. president obama asking for a dialling back of the demonizing. ten days before the deadline, one republican plan gets a firm smackdown in the u.s. senate. and some surprising new movement in the republican presidential race. we're going to tell you who's suddenly making a strong impression on potential voters. i'm wolf blitzer in "the situation room." the breaking news this hour, a city known for peace making is reeling in terror. norwegian leaders holding a crisis meeting tonight after a deadly bomb attack in oslo and the shooting at a labor party youth camp outside the norwegian capital. at least seven people were k
but a big, sophisticated attack is how this official is putting it. and they also said it could be international, or it could be domestic norwegian. again, very early to make that assumption or that conclusion. >> right. early hours, a lot of information still to come out. i appreciate it. . let's continue this breaking news coverage with my colleague wolf blitzer. >>> a bombing shatters norway to its core. and a shooting at a youth camp. president obama asking for a dialling...
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Jul 28, 2011
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>> that would be a big step. and if it didn't succeed, tom, a huge valiant one to two to three to four-month effort at building a movement behind a balanced budget amendment. you know, part two of the boehner plan is there will be another tranche of potential debt ceiling raise down the road -- >> so let me make sure i understand. if you could get the vote, if democrats and republicans say we will have a vote on a balanced budget amendment, even if it failed, you would say this is a victory of a sort and we can move forward? >> it's movement in the right direction. is it enough, tom, for a guy like me right now? no. i need passage out of both houses. i know that's a tall lift. but i really want my leadership to keep pushing for that. and let's see how this plays out. >> all right. well, i understand -- i fully understand your position, the sense that as you said this is a once in 100-year opportunity for people like you to push the way you are. and we'll see how it plays out. congressman, thanks so much for being
>> that would be a big step. and if it didn't succeed, tom, a huge valiant one to two to three to four-month effort at building a movement behind a balanced budget amendment. you know, part two of the boehner plan is there will be another tranche of potential debt ceiling raise down the road -- >> so let me make sure i understand. if you could get the vote, if democrats and republicans say we will have a vote on a balanced budget amendment, even if it failed, you would say this is a...
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we will see just how big this ends up being. clearly, it is a significant development in light of what we have seen just sunday, just yesterday, when the news of the world decided to shut down because of its own alleged bad behavior. i want to go back to following what president obama is going to be saying very shortly out of the white house briefing room. obviously, bringing us up to speed about these negotiations that are taking place, democrats, republicans and the president over raising the debt limit, the debt ceiling and what this means in terms of budget cuts, what it means in terms of tax hikes and where they are in this deal. i want to bring back our financial analyst, ali velshi. ali, there is something that is very curious here. we have heard from the treasury secretary, geithner. we have also heard from them too. debt ceiling talks, really important. both of them linking it here. they don't really necessarily have to do with one another. do we think we are going to hear from the president? is he going to make a conne
we will see just how big this ends up being. clearly, it is a significant development in light of what we have seen just sunday, just yesterday, when the news of the world decided to shut down because of its own alleged bad behavior. i want to go back to following what president obama is going to be saying very shortly out of the white house briefing room. obviously, bringing us up to speed about these negotiations that are taking place, democrats, republicans and the president over raising the...
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that is a big statement. i'll tell you almost as quickly as we heard that come from the top republican in the senate we also heard from senate majority leader harry reid as he was returning to the capitol from a meeting at the white house with the president. he was asked if they were any closer to an agreement and reid said very firmly no. one reason could be is we're hearing from democratic leadership aides in the senate, the possible pessimism they said republicans have not moved off from their position that they support the house speaker john boehner's bill. what we're seeing a lot of is a lot of back and forth here. it is a very fluid situation as you know, wolf. one thing we're keeping our eye on is potential for a very late night, 1:00 a.m. vote, the first test, a test vote for senator reid's proposal to raise the federal debt ceiling as he's pushing that proposal forward at the same time. >> they need 60 votes for reid's proposal to get through the senate because the republicans at least some of them a
that is a big statement. i'll tell you almost as quickly as we heard that come from the top republican in the senate we also heard from senate majority leader harry reid as he was returning to the capitol from a meeting at the white house with the president. he was asked if they were any closer to an agreement and reid said very firmly no. one reason could be is we're hearing from democratic leadership aides in the senate, the possible pessimism they said republicans have not moved off from...
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the big question we have is where are revenues in all this? we can talk about that in a minute. let's take a quick break. we'll be right back. >> the clerk will call the roll. ♪ ♪ ♪ ♪ look at that car, well, it goes fast ♪ ♪ givin' my dad a heart attack ♪ [ friend ] that is so awesome. ♪ i love my car [ engine revving ] [ male announcer ] that first chevy, yea, it gets under your skin. ♪ >>> we're taking a look at the picture of the senate floor. the senator from maryland is speaking right now. we just heard from the senate majority leader, harry reid, who told us that he believes they are close to an agreement, which is something that senate mitch mcconnell told us earlier today. i'd like to play for you now, while we're waiting to hear from senator mitch mcconnell on the senate floor, something gene sperling, the director of the national economic council, told me. he said that tax cuts are not on the table for about a year and a half. let's take a listen. thanks for being with us this morning. >> thanks for having me. >> i know you're working around the clock
the big question we have is where are revenues in all this? we can talk about that in a minute. let's take a quick break. we'll be right back. >> the clerk will call the roll. ♪ ♪ ♪ ♪ look at that car, well, it goes fast ♪ ♪ givin' my dad a heart attack ♪ [ friend ] that is so awesome. ♪ i love my car [ engine revving ] [ male announcer ] that first chevy, yea, it gets under your skin. ♪ >>> we're taking a look at the picture of the senate floor. the senator...
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Jul 26, 2011
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so that's i think a big part of it. it's a political calculation, but also a congressional responsibility and presidential responsibility. they're not president yet. >> but mitt romney specifically, jam, he's the front-runner by all accounts, at least according to all the polls. if he wants to be the next president of the united states, the leader of the republican party, shouldn't he be more directly involved in at least smeeking out affirmatively, negatively about what's going on? >> well, may shell bachmann say she is's not for it under any circumstances. if you're running for president, you're supposed to have the opinion on everything. this is the biggest issue we're facing right now. it would be interesting to know what governor romney's position is on this. it's totally fair to ask him, what would you do? you're running for president. >> sure, and it's totally fair for someone like mitt romney to say this is still in flux and right now, dividing our party is not what we want to do. we want to bring it together be
so that's i think a big part of it. it's a political calculation, but also a congressional responsibility and presidential responsibility. they're not president yet. >> but mitt romney specifically, jam, he's the front-runner by all accounts, at least according to all the polls. if he wants to be the next president of the united states, the leader of the republican party, shouldn't he be more directly involved in at least smeeking out affirmatively, negatively about what's going on?...
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not a big one but little one. slight downgrade even if a deal is reached and finally the serious one, which it looks like we're headed towards avoiding is a major downgrade if the u.s. defaults on payments. everybody seems to be saying we heard mitch mcconnell saying we're not headed towards a default. everybody thinks they have a science as to what's going to cause a default and what isn't. the ratings agencies, fred, have not been fantastic at doing their work. we know this from 2008, from the layman brothers debacle. we may not have dodged a downgrade entirely but may have dodged the worst of it. the us has never been anything but aaa since the first rating by moody's in 1917. most pay to be rated by the way. the u.s. does not pay to be rated. we pay $250 billion at the federal level in interest payments every year. that of course is what would go up if we lost the rating, fred. >> this past week, aali, the dow dropped 500 points or so, so if no deal by today and once the asian markets do open up, if it's about
not a big one but little one. slight downgrade even if a deal is reached and finally the serious one, which it looks like we're headed towards avoiding is a major downgrade if the u.s. defaults on payments. everybody seems to be saying we heard mitch mcconnell saying we're not headed towards a default. everybody thinks they have a science as to what's going to cause a default and what isn't. the ratings agencies, fred, have not been fantastic at doing their work. we know this from 2008, from...
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we have a very big problem. i appreciate the speaker's effort to try to get something through when you have a senate that won't have a debate, but we need a bill that solves the problem long term. i don't think it does enough. i'm optimistic we can still do a better job to solve our nation's problems. >> have you been called in by the leadership this afternoon? >> i have not been called in. i made it clear early on i think we can do better. >> what are you hearing from the republicans? i think we need you to join with us. specifically, what are they saying? >> this is very important. this is the only thing that can happen. then we hear a word that may be tabled in the senate, again. my concern is with the senate that refuses to vote on any plan. the balanced budget amendment has to be done. when we hear about downgrades and defaults, my concern is a bill like this is not good enough to avoid a downgrade. >> is there anything that would satisfy you now? if the speaker said i need to know what you want, what do yo
we have a very big problem. i appreciate the speaker's effort to try to get something through when you have a senate that won't have a debate, but we need a bill that solves the problem long term. i don't think it does enough. i'm optimistic we can still do a better job to solve our nation's problems. >> have you been called in by the leadership this afternoon? >> i have not been called in. i made it clear early on i think we can do better. >> what are you hearing from the...
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i have a big dental problem. i don't have smell. i have my issue, but i'm still doing what i'm supposed to do and i hope for all other people that was there first responders and they did the right thing what they're supposed to do and now they just got a slap in the face. >> daniel, you're representing many people like emil. what can be done here? because they're exceptionally saying there is no direct link. do you have any kind of legal recourse? >> well, we've been in contact with the offices of carolyn maloney who has been a champion of this cause, also representative nadler. we've been working as close as we can with the special master field burn bound, we've been amassing medical evidence and submitting the reports, for example, in emil's case alone, the doctors from the world trade center held a monitoring program, the same program denying him compensation, tell fuss a report written that his cancer was caused by his exposure and his years of commitment down at ground zero. now, these very same doctors that are running the pro
i have a big dental problem. i don't have smell. i have my issue, but i'm still doing what i'm supposed to do and i hope for all other people that was there first responders and they did the right thing what they're supposed to do and now they just got a slap in the face. >> daniel, you're representing many people like emil. what can be done here? because they're exceptionally saying there is no direct link. do you have any kind of legal recourse? >> well, we've been in contact with...
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olivia wilde's eyes were very big. it's really just they didn't care who lived or died and i have a small problem with that. >> so you didn't love the characters? >> i didn't really care one way or the other. but i did see aliens explode. so it did have that going for it. you kind of go to this movie to see, you know, a lot of crazy action and explosions and also daniel craig looking preposterously good in chaps. >> of course, it's bond, james bond. >> it was just okay. >> so you gave smurf f somebody says your grade here, you said just okay. >> perfectly average so i give it a c. i think there are stronger movies, especially last week "captain america" coming out, i think this will blow that out of the water. it's fun, but -- >> c for cowboys? >> c for cowboys and c for -- i don't know what. kind of a ho hum week. >> oh, darn. okay, well, i'm glad you were honest with us. as you always are. >> as i am. better luck next week and "crazy stupid love" is in the theaters which is definitely an a-plus movie. steve correll,
olivia wilde's eyes were very big. it's really just they didn't care who lived or died and i have a small problem with that. >> so you didn't love the characters? >> i didn't really care one way or the other. but i did see aliens explode. so it did have that going for it. you kind of go to this movie to see, you know, a lot of crazy action and explosions and also daniel craig looking preposterously good in chaps. >> of course, it's bond, james bond. >> it was just okay....
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big german shepherd. the dog was just dying. >> you got to bring water for your dog too. >> it was hot. i had to paint the picture for you. but it was very hot. and i was feeling for the dog. that's all i have to say. >> i know. you got to watch out for your pets as well. they get overheated and overexerted. that heat is unfortunately still out there for a whole lot of people. we have seen some breaks, and that's the good news. the number of advisories have gone down dramatically. oklahoma city the heat advisories are back. dallas-fort worth the heat warnings. and parts of the mid-atlantic states we still have them. but it's gone northward. that's the good news for some of you folks. we will see improvements by the middle of the week in places like philadelphia. seattle 73 degrees. >> that is lovely. >> gorgeous and sunny. >> they can bike. bike on, people. >> 71 portland. bike on in minneapolis. 79 degrees. you guys can handle that as well. one other problem we have today, there's a lot of rain. this is
big german shepherd. the dog was just dying. >> you got to bring water for your dog too. >> it was hot. i had to paint the picture for you. but it was very hot. and i was feeling for the dog. that's all i have to say. >> i know. you got to watch out for your pets as well. they get overheated and overexerted. that heat is unfortunately still out there for a whole lot of people. we have seen some breaks, and that's the good news. the number of advisories have gone down...
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you've got this big political crisis. at the same time these companies are telling us how they're doing and how the market and the economy is faring for them, so today we eat get a lot lot more earnings. conoco phillips. we heard from bp yesterday said it had swung to a profit. boeing, we'll hear about this one. also delta and visa, the credit card company. all of these are among the companies that will be reporting here today. i'm tell you, the bottom line is many of these companies are reporting that the economy is getting better, but the clarity is something that they don't have. and we still aren't seeing all that hiring. still kind of this jobless recovery. futures are flat this morning, ali. flat and the bigger picture still, what's going to happen with the debt talks and the merger with canada, according to stephen colbert. >> why do you sound so funny this morning? >> i have a little cold. i'm sorry about that. when you get up so early, you don't realize it until i come and talk to you. >> it's adorable. a lot of
you've got this big political crisis. at the same time these companies are telling us how they're doing and how the market and the economy is faring for them, so today we eat get a lot lot more earnings. conoco phillips. we heard from bp yesterday said it had swung to a profit. boeing, we'll hear about this one. also delta and visa, the credit card company. all of these are among the companies that will be reporting here today. i'm tell you, the bottom line is many of these companies are...
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a big problem. they have a potential bankruptcy coming up that would be the largest of its kind in this country. stay with me. ♪ ♪ why can't we ♪ be friends >>> that is the question everybody is asking. washington d.c. the folks are talking to you. still waiting. keeping an eye on d.c. another interesting day of developments in the debt ceiling debate. democrats and republicans locked in a stalemate over what to do and running out of time. both houses of congress in session today on this saturday. here is a rundown of what is happening. the house starts debate at noon with a likely vote on a democratic proposal expected some time after 1:00 p.m. it is not expected to pass. on the senate side, they kickoff a debate at 1:00 p.m. eastern. debate there could last 12 plus hours before they even vote on whether to vote on the plan. they have to take a procedural vote after that. all this while the clock is ticking closer to tuesday. that is when the federal government could start defaulting on loans
a big problem. they have a potential bankruptcy coming up that would be the largest of its kind in this country. stay with me. ♪ ♪ why can't we ♪ be friends >>> that is the question everybody is asking. washington d.c. the folks are talking to you. still waiting. keeping an eye on d.c. another interesting day of developments in the debt ceiling debate. democrats and republicans locked in a stalemate over what to do and running out of time. both houses of congress in session today...
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Jul 29, 2011
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that balanced budget amendment is the big sticking point. harry reid wants to vote down the house republican plan and has a plan of his own. one increase in the debt ceiling would allow the president to borrow another $2.4 trillion. it would have about $2.2 trillion in cuts to offset the new borrowing. some from save negotiation afghanistan and iraq. the republican doesn't trust the math and a committee that would have to be formed for additional deficit reduction steps. that is where we stand. the house republicans have their plan, the democrats do have theirs? can they work out a compromise by monday night, august 2nd, at midnight. the government would have less money coming in than it needs to pay out in bills. eric ericson, as a conservative, what is the line? do you want any deal? don't go to the point where we might have a default? or is it a balanced budget amendment, size of the spending cuts? what is the red line for conservatives in a compromise negotiation, what should it be? >> you know, i tend to agree with jeff lake, send s.j.
that balanced budget amendment is the big sticking point. harry reid wants to vote down the house republican plan and has a plan of his own. one increase in the debt ceiling would allow the president to borrow another $2.4 trillion. it would have about $2.2 trillion in cuts to offset the new borrowing. some from save negotiation afghanistan and iraq. the republican doesn't trust the math and a committee that would have to be formed for additional deficit reduction steps. that is where we stand....
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a big day today. in three minutes from now, susan, will be the final burn of the space shuttle's rocket jets that they have on there that will put them in the final configuration for that docking, again, at 11:06 eastern time, and a couple hours later there will be a welcome aboard ceremony on the international space station, as the last crew of a space shuttle visits the space station. >> it's fascinating, the final four up there in space station. >> boy, there's a lot of work there to do. almost immediately, tomorrow they will start to unload that more than 7,000 pounds of goods to stock up the shuttles -- or the space station's pantry and refrigerator for a year, and then on tuesday there is a space walk that will be performed by two of the six space station astronauts, and they will take off an old bump that fails and that pump will be taken and put in the space station's cargo bay, a piece of space junk they don't need up there, along with other junk the space shuttle will be bringing back. there
a big day today. in three minutes from now, susan, will be the final burn of the space shuttle's rocket jets that they have on there that will put them in the final configuration for that docking, again, at 11:06 eastern time, and a couple hours later there will be a welcome aboard ceremony on the international space station, as the last crew of a space shuttle visits the space station. >> it's fascinating, the final four up there in space station. >> boy, there's a lot of work...
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a big problem. they're now scrambling to rewrite the bill and it is unclear what will really happen. they were spending all day today trying to sell the bill to their members, gloria. not rewrite it'll. >> so what happens? we weren't sure he had the votes before to pass it in the house. now it looks even less likely, right? >> definitely seems like more problem, more headaches added to the speaker's plate. unclear. what we were told as this was happening, they were aiming for a vote tofmorrow. unclear. definitely, very easy to understand that it would be even a bigger problem selling this to house conservative who's were already complaining that this bill didn't go far enough. >> and clearly, kate, the speaker does not want to lose. so thank you very much. and stay on top of that story. it is important. meanwhile tonight, we're getting some mixed messages out of the white house, too. just a short time ago on cnn, white house communications director dan pfeiffer told jessica yellin that president oba
a big problem. they're now scrambling to rewrite the bill and it is unclear what will really happen. they were spending all day today trying to sell the bill to their members, gloria. not rewrite it'll. >> so what happens? we weren't sure he had the votes before to pass it in the house. now it looks even less likely, right? >> definitely seems like more problem, more headaches added to the speaker's plate. unclear. what we were told as this was happening, they were aiming for a vote...
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the other thing, as diane said, it has a big, big chance of contagion. what happens in greece could trigger then portugal. it could trigger something in ireland. maybe even something in italy. that then has a real impact on u.s. banks. there's a lot of counterparty activity there. there's also a lot of confidence impact. what happens when people suddenly see other people can't pay their debts is that they stop lending. the financial system starts to seize. it seizes up. that's exactly what happened two years ago. we don't want to see that happen again. >> diane, it's interesting, the president talking about the debt ceiling recently. not to get into the debt ceiling. i want to stay with greece for a minute. he said, we can't afford to have unpredictable things going on in the global economy right now. that's what this is about. we don't need anything unpredictable. >> we have frankly far too much unpredictable. we have a lot of uncertainty in the global economy. anything we can do to reduce that uncertainty at this stage of the game will help. we're two
the other thing, as diane said, it has a big, big chance of contagion. what happens in greece could trigger then portugal. it could trigger something in ireland. maybe even something in italy. that then has a real impact on u.s. banks. there's a lot of counterparty activity there. there's also a lot of confidence impact. what happens when people suddenly see other people can't pay their debts is that they stop lending. the financial system starts to seize. it seizes up. that's exactly what...
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Jul 23, 2011
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big changes in the atmosphere. hopefully, that will be due to the big area of high pressure that we've been calling a heat dome. it's expected to slide a little bit farther stoto the south and when that happens, it will create a void and what will move is an area of low pressure and that will bring cooler temperatures for places like new york and eventually washington, d.c. where instead of triple digit heat, you'll see the temperatures cool down into the 90s and overnight lows into the 70s for washington, d.c. one more thing as we wrap things up. as we see these air masses, these contrasting air masses move, the result has been some scattered showers and some strong thunderstorms. if you happen to be in chicago and you're at the airport, you know about the delays you've had. all due to, again, that problem sweeping across the great lakes. we're going to talk more about that coming up throughout the morning. and of course, t.j., more on that heat. big story for us. back to you. >> reynolds, we appreciate you as alw
big changes in the atmosphere. hopefully, that will be due to the big area of high pressure that we've been calling a heat dome. it's expected to slide a little bit farther stoto the south and when that happens, it will create a void and what will move is an area of low pressure and that will bring cooler temperatures for places like new york and eventually washington, d.c. where instead of triple digit heat, you'll see the temperatures cool down into the 90s and overnight lows into the 70s for...
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there's no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy and our future. we are up to the tax and i hope that president obama will join must this work. god bless you and your family and god bless the united states of america. >> speaker of the house john >> we are staying on top of the story, this is an historic highs in washington, d.c. one mike from tomorrow, the nation will have a default crisis unless there is a compromise, some sort of deal is worked out. i am wolf blitzer washington, special coverage continues right now with "piers morgan tonight." >> thank you for chain with us. >> bible start with you, the talk of compromise, it seems cheat me that both of the equivalent of the bay of pigs, who will blink first? >> the president doesn't have to say because he doesn't have a boat. it was a moment to isolate the republican speaker of the house and urge him to try to change pass and find out to compromise. we heard him hawed speaker peter tight and say you work with the president. i a
there's no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy and our future. we are up to the tax and i hope that president obama will join must this work. god bless you and your family and god bless the united states of america. >> speaker of the house john >> we are staying on top of the story, this is an historic highs in washington, d.c. one mike from tomorrow, the nation will have a default crisis unless there is a...
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. >> so, now what is the big question? speaker boehner will rebut the president just about 14 minutes from now. we'll take you there live. in his letter to his colleagues, he said his preference now is to work on a plan in the congress. but the president expects the house and the senate leaders of both parties at the white house saturday morning. is this just theater before a deal or a recipe for gridlock and maybe an economy shattering government default? chief white house correspondent jessi jessica yellin, and kate bolduan, and gloria borger here, jess, the speaker doesn't want to negotiate anymore, and this is not a president known for his anger or his temper, but he seemed pretty piqued. >> reporter: this was the president hitting by far his most frustrated, fed-up note during the debt negotiations by far, john. we heard him say that the republicans just don't know how to say yes. that he offered the most generous package he could. in short he said that he offered them a deal that democrats just didn't like. he was ba
. >> so, now what is the big question? speaker boehner will rebut the president just about 14 minutes from now. we'll take you there live. in his letter to his colleagues, he said his preference now is to work on a plan in the congress. but the president expects the house and the senate leaders of both parties at the white house saturday morning. is this just theater before a deal or a recipe for gridlock and maybe an economy shattering government default? chief white house correspondent...
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didn't try to auction it off for big bucks. that maybe why he may be wishing he kept it instead coming up. [ male announcer ] things seem better with travelocity's best price guarantee. our girl's an architect. our boy's a genius. we are awesome parents! biddly-boop. [ male announcer ] if you find a lower rate on a room you've booked, we won't just match it. we'll give you $50 towards your next trip. [ gnome ] it's go time. >>> crime and punishment tonight, the investigators who built the murder case against casey anthony speak out for the first time since she was acquitted of the charge last week. at a news conference today in orlando, investigators maintained they had a solid case against casey, and while they're unhappy with the jury's decision they called on the public to respect it. a key point in the discussion today, the defense claimed that caylee died in an accidental drowning in the family swimming pool. now, a lead investigator said when they questioned casey about her daughter's death, she never said anything about
didn't try to auction it off for big bucks. that maybe why he may be wishing he kept it instead coming up. [ male announcer ] things seem better with travelocity's best price guarantee. our girl's an architect. our boy's a genius. we are awesome parents! biddly-boop. [ male announcer ] if you find a lower rate on a room you've booked, we won't just match it. we'll give you $50 towards your next trip. [ gnome ] it's go time. >>> crime and punishment tonight, the investigators who built...
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the big problem is they want to avoid another vote. they just don't want to go through it again six months down the line. i was talking to a senior democratic aide today who outlined for me four completely different scenarios under which actually reid's bill, which is different from boehner's bill, but not that different, could overtake boehner, could be attached to boehner's bill, and they're trying to figure out a way that they can get out of it. i think all eyes now are on the senate republican leader mitch mcconnell. as you know, john, he's pretty good with this kind of maneuvering, and one senate democrat said today we need mcconnell to step up and give the big-boy talk to republicans. >> he'll wait for the right moment i think and give the talk. david, i was out of town for a couple of days, i was at an event, my oldest esest son's co campus visit, and a lot of people asked, why does washington look the same? or worse? and i want to show our viewers a little bit of a sample here, where did this guy go? >> i believe that the size
the big problem is they want to avoid another vote. they just don't want to go through it again six months down the line. i was talking to a senior democratic aide today who outlined for me four completely different scenarios under which actually reid's bill, which is different from boehner's bill, but not that different, could overtake boehner, could be attached to boehner's bill, and they're trying to figure out a way that they can get out of it. i think all eyes now are on the senate...
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there is no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy our future. we are up to the task. i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> so now we've heard from the speaker of the house and the president of the united states. different perspectives, different perspectives indeed. the speaker speaking for bonl five minutes. the president about 15 minutes. the major difference is whether or not another vote will be required next year to deal with these problems. the speaker saying yes, indeed. up to congress to have another vote next year. the president saying he wouldn't go along with that. he doesn't want to put the country through that one more time. we're staying on top of this story. this is an historic night in washington, d.c. one week from tomorrow, the nation will have a serious default crisis unless there is a compromise. unless the deal is worked out in the coming days. our special coverage continues
there is no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy our future. we are up to the task. i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> so now we've heard from the speaker of the house and the president of the united states. different perspectives, different perspectives indeed. the speaker speaking for bonl five minutes. the president about 15...
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it's still a big deal. but that deal comes with most, that savings comes mostly in deficit cuts, not the significant changes to medicare and medicaid and social security and increased revenue in terms of tax increases that was going to be needed for the $4 trillion that we all knew and had been hearing from members on the hill that any kind of tax increase was continuing to be a very big problem inside the republican party. and at the end of the day, susan, you know, we need to find enough members to vote for a bill that's going to pass in order to get the debt ceiling raised by august 2nd. and we're coming up on the deadline. >> the deadline is august 2nd, how critical is that to make to ewing 2 dnd? >> reporter: the treasury secretary said that's the deadline, that's very important. after that, the united states is going to be questionable how the united states will pay its bills. and everyone involved, even despite this kind of breakdown in talks, that came late last night and we'll see how that leads in
it's still a big deal. but that deal comes with most, that savings comes mostly in deficit cuts, not the significant changes to medicare and medicaid and social security and increased revenue in terms of tax increases that was going to be needed for the $4 trillion that we all knew and had been hearing from members on the hill that any kind of tax increase was continuing to be a very big problem inside the republican party. and at the end of the day, susan, you know, we need to find enough...
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i do not think they can get the big mega deal the president is talking about. i think they are going to have a hard time getting a mid sized deal. i think they can come up with a short term, interim package in which it requires some compromise by democrats and republicans. but the president has to compromise too. if the choice is between a default and a short term deal, there's no question he ought to go for the short term deal. >> i'm not sure these guys can figure out how to pay a parking ticket. james, you are the brilliant strategist here. one of my concerns out, and you tell me if i'm crazy. it seems to me like both sides are banking on winning, that they're going to be able to prove to everybody that they really were willing to do something and it was the other side that kept it from going forward, that they're going to win with their base. >> as far as david and senator simpson did a good job. they were calling for one-third in tax increases. what the republicans turned out and the president was talking about something between 20 and 25%. they couldn't e
i do not think they can get the big mega deal the president is talking about. i think they are going to have a hard time getting a mid sized deal. i think they can come up with a short term, interim package in which it requires some compromise by democrats and republicans. but the president has to compromise too. if the choice is between a default and a short term deal, there's no question he ought to go for the short term deal. >> i'm not sure these guys can figure out how to pay a...
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it's washington, as you know. >> this is too big -- it's too big of an issue to play chicken with it. >> you have said you think the debt ceiling has to be raised. >> america should not the default. i sympathize with the people who stay, secretary geithner could be exaggerating, and i don't want to test it. i can tell you that there's not a good thing to default. that's not a good thing to do. particularly for us who are conservative republicans who have a great deal of sense that you have to have a balanced budget and pay your debts and kind of work these things out, and you can compromise somewhat but you can't compromise too much, so i hope -- >> if you were sitting at the table, would you say, yeah, i will agree to closing loopholes to oil and gas companies for 1.5 or 2.5 or any amount of spending cuts? >> i wouldn't do tax increases as a way to compromise. >> any? none? >> if we're going to compromise, let's compromise about the spending decreases and the extent of them. we would like to go a lot further than the democrats would like to go. there is areas of negotiation there. i
it's washington, as you know. >> this is too big -- it's too big of an issue to play chicken with it. >> you have said you think the debt ceiling has to be raised. >> america should not the default. i sympathize with the people who stay, secretary geithner could be exaggerating, and i don't want to test it. i can tell you that there's not a good thing to default. that's not a good thing to do. particularly for us who are conservative republicans who have a great deal of sense...
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we are told -- i do not -- at this time, expect any big statement oust white house or any big announcement. as we've seen these last few days anything can change at any moment. so i will keep you posted if it does, don. >> i think it's going to be a long evening for all of us. because if they come out and say something, of course, we'll bring it to you right here on cnn. and, listen, we have to say this, jessica, before we move on. the president and the leaders in washington said they wanted to get this fixed or at least some sort of agreement in the works before the asian and european markets opened tomorrow, and that's just in a few hours. >> reporter: that is correct. and, you know, as i sit there making calls trying to find out exactly what movement is happening in washington i'm also checking the s&p futures and the markets around the world, because there's already a lot of people in this town worried and seeing how things are moving. there is a lot of anxiety that the markets are already reacting, because this has a ripple effect on every american, and one thing go know, don is that
we are told -- i do not -- at this time, expect any big statement oust white house or any big announcement. as we've seen these last few days anything can change at any moment. so i will keep you posted if it does, don. >> i think it's going to be a long evening for all of us. because if they come out and say something, of course, we'll bring it to you right here on cnn. and, listen, we have to say this, jessica, before we move on. the president and the leaders in washington said they...
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so, sort of the big plan. passing that along with a debt ceiling as sort of a big theory option instead of this mcconnell/reid plan, but it's so vague, as you can tell, and nothing that i have as any sort of firm plan, just, like, something that's sort of out there in the ether, they just don't have a plan at this point, no one does, john. >> it sounds like, and some people at home are saying, my god, there they go into washington speak again. i'll try to simply phi it. they are trying to fit certain pieces together to get you to several trillion in deficit reduction and that seems to be where we are, a bunch ideas. i'll go over to the wall a little bit, because jess talks about the mcconnell plan, that would give the president the authority to raise the debt ceiling and maybe they would come up with a commission with spending cuts. that's one backup plan. another backup plan is the gang of six. and i want to bring up the gang of six yesterday we talked about that. they have some significant spending cuts. the
so, sort of the big plan. passing that along with a debt ceiling as sort of a big theory option instead of this mcconnell/reid plan, but it's so vague, as you can tell, and nothing that i have as any sort of firm plan, just, like, something that's sort of out there in the ether, they just don't have a plan at this point, no one does, john. >> it sounds like, and some people at home are saying, my god, there they go into washington speak again. i'll try to simply phi it. they are trying to...
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we've had these 7.0s where we have the big scare. a lot of folks not knowing when you feel the earthquake, you really aren't sure if it's a 7.0, is it an 8.0? the folks in and around the plant will take the precautions and evacuate. if we're getting word they're letting them back in, i think we are looking pretty good here along the coast. >> ivan, stay on top of that for us. as he was speaking, we did see video coming from nhk there in japan. we want to go now to dale grant with the usgs. he joins us now from golden, california tonight. listen, sir, as we look at this video and you see the shaking there and you heard our ivan cabrera saying this is an aftershock from the march 11th quake, this is a pretty big hit even so. >> yes. this actually is one -- well, it is the largest aftershock since the 9.0 and there were a few 7s at that time, but since that time, this is the biggest quake that has occurred in the aftershock zone and it has been felt all the way north in ayomori down south to tokyo. so it's very widely felt. >> so listen
we've had these 7.0s where we have the big scare. a lot of folks not knowing when you feel the earthquake, you really aren't sure if it's a 7.0, is it an 8.0? the folks in and around the plant will take the precautions and evacuate. if we're getting word they're letting them back in, i think we are looking pretty good here along the coast. >> ivan, stay on top of that for us. as he was speaking, we did see video coming from nhk there in japan. we want to go now to dale grant with the...
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he was always striving for a big deal. from the speaker's perspective, the white house at the last minute from their view moved the goal posts. they -- what it sounds like, not only comes to some agreement on a framework, but they were talking real details on some of these proposals, having to do with cuts and spending cuts and medicare and enconstitutitlemen all that. after this agreement that they have come to -- it had reached, they say the white house moved the goal posts. and in their view, speaker bane her to step back, take stock of the situation and really look at the calendar very seriously. as he said had, to do something because the white house's vision was not in line with that of congress. and that's why speaker boehner has now made this very aggressive move saying he's now just working with congress on this. >> jessica, we're running very tight on time tonight. i want to get through a lot fast. is there a sense when you look at the numbers that both sides talk about, even if you take their conflicting version
he was always striving for a big deal. from the speaker's perspective, the white house at the last minute from their view moved the goal posts. they -- what it sounds like, not only comes to some agreement on a framework, but they were talking real details on some of these proposals, having to do with cuts and spending cuts and medicare and enconstitutitlemen all that. after this agreement that they have come to -- it had reached, they say the white house moved the goal posts. and in their...
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but there's a big problem. neither of those plans may be able to get through congress and the clock is ticking. cnn congressional correspondent kate boulwan joins us now. let's start in the house where speaker john boehner has laid out his version of the republican solution. spell it out for us. >> reporter: a lot of details to it, jessica, but what it really comes down to is the length of the increase, if you will. house speaker john boehner is calling for two votes in order to raise the debt ceiling. first, a vote that would come with $1.2 trillion in spending cuts to get the country through early next year and another vote would be required that would get the to 2013. but only if, and this is the important part, if congress would approve the spending cuts attached to that, or the deficit reduction measures attached to that that would come from a newly created committee, and that of course is the big hangup with democrats. they are very much opposed to having to vote for a second time to raise the debt ceilin
but there's a big problem. neither of those plans may be able to get through congress and the clock is ticking. cnn congressional correspondent kate boulwan joins us now. let's start in the house where speaker john boehner has laid out his version of the republican solution. spell it out for us. >> reporter: a lot of details to it, jessica, but what it really comes down to is the length of the increase, if you will. house speaker john boehner is calling for two votes in order to raise the...
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so they're warning the u.s., be careful. >> that is a big deal, pushing us into recession is a big problem. zain, thank you very much. we'll chat with you later. >>> on this day in history back in 1981 i thing you remember this. prince charles and princess diana were married. for those of you keeping track of it. prince william and kate middleton celebrating their three-month anniversary today. ♪ [ engine revving ] [ male announcer ] 125 years ago... we invented the automobile. ♪ and 80,000 patents later, we're still reinventing it. ♪ it's no coincidence that the oldest car company has the youngest and freshest line in the luxury class. mercedes-benz. see your authorized mercedes-benz dealer for exceptional offers on the c-class. ♪ >>> good morning. it's july 29th. this is your a.m. "wake-up call." i'm ali velshi. it's 46 minutes after the hour now. about that vote on thursday, it didn't happen. congress made a liar out of me. there could be a vote today unless there isn't a vote today. here's the current u.s. debt ceiling. $14.3 trillion. i know that. i also know tuesday's deadlin
so they're warning the u.s., be careful. >> that is a big deal, pushing us into recession is a big problem. zain, thank you very much. we'll chat with you later. >>> on this day in history back in 1981 i thing you remember this. prince charles and princess diana were married. for those of you keeping track of it. prince william and kate middleton celebrating their three-month anniversary today. ♪ [ engine revving ] [ male announcer ] 125 years ago... we invented the automobile....
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so, a big concern right now and you'll see a lot of the u.s. going it alone, such as these drone strikes. >> could this backfire and limit u.s. leverage over pakistan on counterterrorism cooperation? >> it certainly could, but things are pretty bad as they are. i think the calculation by u.s. officials is like they need to send the pakistanis a message that, listen, if you want to continue having u.s. support, u.s. assistance for a threat that you've acknowledged, you have on your borders, you're going to have to work with us and we're going to have to have more of a give and take and a trusting relationship. >> senior state department producer elise, thank you. >>> a document making the rounds among candidates for president claims black children were better off during slavery than they are under president obama. controversial? two presidential candidates have actually signed the document agreeing with it. who are they? the answer two minutes away. the, i thought those days might be over. so my doctor prescribed symbicort. it helps significantl
so, a big concern right now and you'll see a lot of the u.s. going it alone, such as these drone strikes. >> could this backfire and limit u.s. leverage over pakistan on counterterrorism cooperation? >> it certainly could, but things are pretty bad as they are. i think the calculation by u.s. officials is like they need to send the pakistanis a message that, listen, if you want to continue having u.s. support, u.s. assistance for a threat that you've acknowledged, you have on your...
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one of the big i guess thought processes on both sides is who loses most. if america goes to default. obviously, number one, the american people. but would it be a massive blow to the democrats or more of a blow to republicans? >> i think it will be a blow to both, probably roughly equal, depending on how you look at it. and i believe it would have to lay mostly at the feet of the president. chief executive of the united states. if you can't get a budget together and deal with debt as chief executive of the country, then you're a pretty weak leader. the reality is -- you have to put this in context. the problem isn't the crisis we're going through right now. the problem is the totally unprecede unprecedented, out of control spending we're doing. the president of the united states has come to congress asking them to increase the debt ceiling more than any president has ever asked, ever. i mean this is way beyond any president has ever asked. he wonders, why do they want to reduce spending? because he's asking for a bigger increase in debt than any president
one of the big i guess thought processes on both sides is who loses most. if america goes to default. obviously, number one, the american people. but would it be a massive blow to the democrats or more of a blow to republicans? >> i think it will be a blow to both, probably roughly equal, depending on how you look at it. and i believe it would have to lay mostly at the feet of the president. chief executive of the united states. if you can't get a budget together and deal with debt as...
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this is a big hit even though. >> yes. this actually is one -- well, it is the largest aftershock since the 9.0, and there were a few 7.0s at that time, but since that time, this is the biggest quake that has occurred in the aftershock zone. it has been felt all of the way north in aomori to south of tokyo and it is widely felt. >> so, listen, you are in golden, colorado, tonight, and as we watch the possibility of a tsunami, there was a warning there, and we saw what happened when on march 11th, when there was an earthquake and all of the sudden, this wall of water slams into the coast of japan and took out so much, so many cities there. when might we know if or the possibility of something happening from this not that severe, but when might we know something? >> actually, since tsunamis travel at 450 miles an hour, if one would have occurred, it would have already been known by now. >> okay. so, as we look at this though, and all of the buildings there that are really still damaged and all of the infrastructure, what kin
this is a big hit even though. >> yes. this actually is one -- well, it is the largest aftershock since the 9.0, and there were a few 7.0s at that time, but since that time, this is the biggest quake that has occurred in the aftershock zone. it has been felt all of the way north in aomori to south of tokyo and it is widely felt. >> so, listen, you are in golden, colorado, tonight, and as we watch the possibility of a tsunami, there was a warning there, and we saw what happened when...
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for years networks have been paying for big interview. they deny it, saying they're providing licensing fees for photos or videos, but it's a fig leaf and everyone knows it. abc news has been one of the worst offenders paying casey anthony $200,000 shortly before she was indicted in the murder of her young daughter and $10,000 to $15,000 to meagan broussard, one of her online pals. but this week i learned abc is getting out of the checkbook business under pressure from chris cuomo, who did the interview, the network is banning payments except perhaps in extraordinary circumstance. spokesman ben sherwood says the payments have become a crutch. will other networks follow suit or score more exclusives with abc out of the pay to play game? >>> here's what bothers me about the latest coverage of piers morgan. i don't have a clue if he had knowledge of phone hacking when he was the daily editor. but they've convicted him with very little evidence, such as when he was asked about the nasty down in the gutter stuff in a 2009 interview with bbc ra
for years networks have been paying for big interview. they deny it, saying they're providing licensing fees for photos or videos, but it's a fig leaf and everyone knows it. abc news has been one of the worst offenders paying casey anthony $200,000 shortly before she was indicted in the murder of her young daughter and $10,000 to $15,000 to meagan broussard, one of her online pals. but this week i learned abc is getting out of the checkbook business under pressure from chris cuomo, who did the...
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Jul 26, 2011
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>> it's a very big risk, anderson. there's two different events here and it's hard to keep them separated from each other. the first is getting the debt sealing lifted. that's the critical negotiation under way now. even if we get it lifted, eric's right. standard & poor's is saying even if you get it lifted it's how much you're willing to cut the deficits that they will really judge the triple-a rating of the united states on and if it's something less than $3 to $4 trillion in real cuts they're going to lower the credit rating of the united states for the first time in our history. we've had it since 1917 we've been triple-a. there's a growing sense at top levels here in washington that the chances of a credit rating downgrade is becoming more than just a possibility but moving towards a probability. >> april, for those who haven't been following this as closely as everybody in washington and a lot of other folks have been following it, where do the -- do both plans stand right now? you have harry reids and john boeh
>> it's a very big risk, anderson. there's two different events here and it's hard to keep them separated from each other. the first is getting the debt sealing lifted. that's the critical negotiation under way now. even if we get it lifted, eric's right. standard & poor's is saying even if you get it lifted it's how much you're willing to cut the deficits that they will really judge the triple-a rating of the united states on and if it's something less than $3 to $4 trillion in real...
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Jul 13, 2011
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didn't try to auction it off for big bucks. but maybe he might be wishing he kept it instead coming up. . crime and punishment tonight, an accident doesn't have to slow you down. with better car replacement available only with liberty mutual auto insurance, if your car's totaled, we give you the money for a car one model year newer. to learn more, visit us today. responsibility. what's your policy? to your kids' wet skin. new neutrogena® wet skin kids. ordinary sunblock drips and whitens. neutrogena® wet skin cuts through water. forms a broad spectrum barrier for full strength sun protection. wet skin. neutrogena®. if you have painful, swollen joints, i've been in your shoes. one day i'm on p of the world... the next i'm saying... i have this thing called psoriatic arthritis. i had some intense pain. it progressively got worse. my rheumatologist told me about enbrel. i'm surprised how quickly my symptoms have been managed. [ male announcer ] because enbrel suppresses your immune system, it may lower your ability to fight inf
didn't try to auction it off for big bucks. but maybe he might be wishing he kept it instead coming up. . crime and punishment tonight, an accident doesn't have to slow you down. with better car replacement available only with liberty mutual auto insurance, if your car's totaled, we give you the money for a car one model year newer. to learn more, visit us today. responsibility. what's your policy? to your kids' wet skin. new neutrogena® wet skin kids. ordinary sunblock drips and whitens....
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Jul 27, 2011
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so that is a big deal. the other thing is that what is more important is the loss perhaps in credibility. the speaker said his plan was going to, you know, save something like over a trillion dollars. but it only saves about $850 billion. so that's a bill difference, too. a question of credibility. on the other hand, he buys some time, because there are a number of people in the house of representatives, some of whom who actually spoke out last night and said this thing is not going to pass. i'm not going to vote for it. he gets a little bit more time to try to drum up the support he needs, because once he puts something on the floor, he has got to get a yea vote. >> all right. dan, you know, there is some talk of a band-aid slash patch approach. what would that do? >> reporter: well, look. a message you've heard from the white house last week or so, that the president does not embrace a short-term deal, but if, in fact, it does appear that there is some compromise happening, that both sides have agreed to
so that is a big deal. the other thing is that what is more important is the loss perhaps in credibility. the speaker said his plan was going to, you know, save something like over a trillion dollars. but it only saves about $850 billion. so that's a bill difference, too. a question of credibility. on the other hand, he buys some time, because there are a number of people in the house of representatives, some of whom who actually spoke out last night and said this thing is not going to pass....
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Jul 30, 2011
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as a big u.s. debt holder, china will for sure be affected. >> reporter: and in australia, too. >> it makes it much more expensive for tourists to visit australia. so those parts of our economy exposed to the tourist sector, and we've done a lot and spent a lot of money promoting australia overseas are not going to benefit so greatly from that. >> reporter: in tokyo, some economic experts see history repeating itself. they compare the current u.s. debt crisis to japan's crippling recession of the 1990s. >> it's the exact replay of what we went through in japan 10, 15 years ago. >> reporter: however the debate plays out in washington, experts say the financial ripples will be felt around the world. >> it's an issue that really is lurking in the background of each and every economy of the world. >> reporter: jonathan mann reporting. >>> all right. we've got a story we want you to stick around for coming up next. could you believe that a soldier actually served ten tours in a war zone. i want to tell
as a big u.s. debt holder, china will for sure be affected. >> reporter: and in australia, too. >> it makes it much more expensive for tourists to visit australia. so those parts of our economy exposed to the tourist sector, and we've done a lot and spent a lot of money promoting australia overseas are not going to benefit so greatly from that. >> reporter: in tokyo, some economic experts see history repeating itself. they compare the current u.s. debt crisis to japan's...
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Jul 7, 2011
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bigness is the target. comprehensiveness and balance are our targets. >> why increase the stakes by pushing for a bigger goal with weeks to go before the deadline? the current thinking centers on this man, speaker john boehner. negotiators wondering, can he muster enough votes to get it through the house of representativ representatives. one theory is a bigger deal will help him sell the plan to conservative republicans because it contains even more deficit reduction. >> everything is on the table except raising taxes on the american people. >> congressional and white house staffs will huddle through the weekend to ma'amer out a deal. among the house republicans, spending cuts larger than the increase in the debt limit and no tax increase. some of the items democrats want, extending the payroll tax holiday and closing corporate tax loopholes and finding other ways to increase revenue. leaders mead again on sunday. candy, a bigger deal puts enemies on the table that make both sides worried. tinkering with se
bigness is the target. comprehensiveness and balance are our targets. >> why increase the stakes by pushing for a bigger goal with weeks to go before the deadline? the current thinking centers on this man, speaker john boehner. negotiators wondering, can he muster enough votes to get it through the house of representativ representatives. one theory is a bigger deal will help him sell the plan to conservative republicans because it contains even more deficit reduction. >> everything...
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Jul 23, 2011
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it was not a massive group nor a big effort. >> that's right. i think one, you will find this will be hard to do alone. the times square bomber, it's hard to have one guy to get the materials and put it together correctly and detonate it. it's reasonable to suspect he had some amount of help. and we are hearing from media sources the individual in custody may have been a farmer. that would explain his access to large quantities of fertilizer to make such a big bomb that went off in oslo. you will learn a lot more from officials in norway to make sense out of this tragedy. >> did you have a sense in your time working with the government that there was some senses of places like norway that terrorism was something that could not come there, because in fairness, before 9/11 and the first world trade center attack, we felt it could not come here either. >> it's true, but the wikileaks cable comes from several years ago. in recent years, my understanding from a u.s. counterterrorism officials is that norway did begin to understand it could happen the
it was not a massive group nor a big effort. >> that's right. i think one, you will find this will be hard to do alone. the times square bomber, it's hard to have one guy to get the materials and put it together correctly and detonate it. it's reasonable to suspect he had some amount of help. and we are hearing from media sources the individual in custody may have been a farmer. that would explain his access to large quantities of fertilizer to make such a big bomb that went off in oslo....